Leeboy GROUP Secures $6 Million Bridge Loan From Crowdfunz For Mixed-use Property In Brooklyn
FINANCED
$6,000,000
New York
See Similar DealsMixed-use22,970 SF
Financed 11/19/2025
FINANCED
Leeboy GROUP Secures $6 Million Bridge Loan From Crowdfunz For Mixed-use Property In Brooklyn
1222 63rd Street
See Similar DealsMixed-use22,970 SF
Financed 11/19/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$261
Total Square Footage:22,970 SF
Transaction Type:Loan
The property asset is a mixed-use building located at 1222 63rd Street in the Brooklyn market. The building encompasses a total area of 22,970 square feet and is involved in a loan transaction amounting to $6,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Lender: Crowdfunz
- Borrower: Leeboy GROUP
- Attorney: Jing an - Altman & An LLP
- Loan Type: Bridge
- Loan Terms: 1 Year
The loan is secured by the property and was facilitated through the involvement of Crowdfunz as the lender. Leeboy GROUP, as the borrower, is utilizing this bridge loan for a duration of one year, with legal representation provided by Jing an from Altman & An LLP.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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